Has anyone tried to claim the 10% federal tax credit?

No replies
LeThala
LeThala's picture
Offline
Joined: 06/27/2008
Points: 90

I purchased a C124 in 2011 which qualifies me for a tax credit of 10% of the purchase price of the bike under section 1142 of the 2009 American Recovery and Reinvestment Act. I called the IRS and was told that I cannot claim the credit so I did not claim it on my taxes. They told me the manufacturer had to pre-certify the vehicle for eligibility with the IRS in order for me to claim the credit. I looked up the law online and there is no such requirement in the law. The law says any 2 or 3 wheel plug in electric vehicle purchased between 2009 and 2012 for on road use with a battery capacity of at least 2.5 kwh is eligible for the credit. I was wondering if anyone has tried to claim the credit on their taxes for a bike from Current.

style="display:block"
data-ad-client="ca-pub-2401070691062219"
data-ad-slot="2079401426"
data-ad-format="auto">

Revenge of the Electric Car The electric car is not only back from the dead, it's inevitable
e-Moto G3 Volt Silicon Electric Scooter Commute and get around town on the G3 Volt Electric Scooter from E-Moto.
Simply Car-free How to Pedal Toward Financial Freedom and a Healthier Life



Who's new

  • ayon69
  • headrc
  • smokeydawson
  • MarieGreer
  • slacy

Customize This